AGP Executive Report
Last update: 9 hours agoAgricultural Finance: President Irfaan Ali says Republic Bank will reserve funds for farm loans, with preferential rates still under negotiation. The push comes as first-half lending fell to agriculture, manufacturing and mining, even as mortgage credit grew. Food Production: The government is seeking more farmland and plans food-storage capacity to help farmers manage price swings. A new Essequibo rice hub is expected to store 10,000 tonnes, while a private poultry plant is set to triple its processing capacity. Agriculture Minister Zulfikar Mustapha says chicken production is rising, though it has not kept pace with demand. Sugar Industry: GuySuCo restructuring is under review, but Mustapha says he is unaware of a decision to relocate its head office to Berbice. Power Projects: GPL has pressed contractors to meet deadlines on major electricity works, but disclosed neither project timelines nor which tasks need attention. Public Finances: The Bank of Guyana reports the first-half government deficit nearly tripled to $105.6 billion, as operating costs climbed and productive-sector lending weakened.
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